Series 53: Recordkeeping Requirements

Taken from our Series 53 Online Guide

Recordkeeping Requirements

In addition to submitting reports to the MSRB about political contributions, broker-dealers must also maintain records of political contributions. These records must include a list of:

  • Names, addresses, and titles of the dealer’s municipal finance professionals
  • Names, addresses, and titles of the dealer’s non-MFP executive officers
  • States in which the dealer seeks to engage in municipal securities business

Records for the current calendar year and each of the two previous years must also include a list of:

  • All the issuers with which the broker-dealer has dealt in municipal securities business
  • All contributions made to officials of an issuer or political party by the dealer
  • All reporte

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